Monero has been through a price correction of 7.02% in the last 24 hours. It has traveled from $56.5 to $52.6 in these 24 hours. The three major price shifts show the struggle of XMR coin in the market.
Monero Price Analysis
Monero started the day near $56.5798, and over the next 2 hours and 49 minutes, it was up by 1.27% to touch $57.2990, the highest point of the day. It was followed by a whopping fall of 9.52% that took the XMR price to $51.8498 after a $5.45 fall. The last swing happened between 19:33 UTC and 02:22 UTC today, and this swing witnessed a freefall of 2.27%. It placed XMR price at $52.7139.
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Monero’s market cap also has been hit in these 24 hours. Between October 23 and today, the market cap has gone from 915.63 million USD to 907.21 million USD.
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Currently, the XMR price stands at $52.6069, its 50-days average is at $63.05921, and 20-days average is at $54.9621. Its current price is 16.57% and 4.28% less than the 50 days average and 20 days average, respectively. Therefore, according to XMR price prediction, Monero’s next halt may come at $56.32.
| Monero (XMR) | Resistance and Support Levels |
| 1st Resistance | $56.32666667 |
| 2nd Resistance | $59.64333333 |
| 3rd Resistance | $61.72666667 |
| 1st Support Level | $50.92666667 |
| 2nd Support Level | $48.84333333 |
| 3rd Support Level | $45.52666667 |
